🚀😱Spot Bitcoin ETF Faces $1 Trillion 'Bull Shock' as XRP, Ethereum, Solana, Cardano and Shiba Inu Come Overnight
The possibility of spot Bitcoin ETFs has long been a dream for both investors and traders. Amid this anticipation, recent reports from reputable data analytics platforms have excited the crypto community by predicting a staggering $1 trillion market cap for crypto majors such as Bitcoin, XRP, Ether, #Solana , Cardano and Shiba Inu if spot etfs get the green light.
A report prepared by CryptoQuant experts examines the historical context that has shaped Bitcoin's market trajectory. The first wave of corporate adoption witnessed during Bitcoin's historic bull run in 2021 saw institutions adding BTC to their balance sheets. According to CryptoQuant researchers, the next significant wave of adoption is already underway, marked by large Asset [AUM] assets Under Management that make Bitcoin accessible to their customers through spot etfs.
Cryptoquant's experts have come up with a compelling analysis that could fuel the already bullish trend in the crypto space. Historically, during bull markets, the market value of Bitcoin has risen at a rate 3-5 times higher than its realized value. According to the report, for every $ 1 poured into the Bitcoin network, its market value could potentially increase by $ 3 to $ 5. If this pattern holds and spot ETFs get approval, Bitcoin's price could skyrocket and the December Dec could reach astronomical figures ranging from $50,000 to $73,000.
Remember how a fake rumor of Bitcoin ETF approval threw the crypto community into a daze while BTC was rising. Although this event serves as a cautionary tale, if the predicted scenario unfolds and the spot ETFs are confirmed, the entire crypto landscape could enter a prolonged upward momentum.
